Daily Trading Process

Pips2Profit
Cameron Benson
 Important Details To Note
1. What Session will you trade?

Asian Session: 8PM-11PM EST

London Session: 2AM-5AM EST

New York Session: 8AM-11AM EST

2. Which setups are you looking for? What are

the characteristics of each?
a. Signal Days
b. 3 Days Cycle
c. Weekly Template
d. HOD/LOD
e. Session
3. How will you narrow the setup down to the
minute of entry? BE SPECIFIC
a. Time
b. Level
c. Market Traps
d. 3 Pushes
e. Entry Criteria
 Preparation Day Prior
Analysis

Must Have Chart Details:

1. Signal Day
2. Weekly Template
(Opening Range)
3. Structure
4. Previous Levels
a. Month
b. Week
c. Day
5. End Of Day Consolidation
6. Day of the Week

Minor Details:

1. Price-Level Gaps
2. Inside Bar Trader Stops
3. Break Out Trader Stops
 Day Of Trade Considerations
Before Session Begins: During The Session: IMPORTANT NOTE:
1. What Trade Setup are you looking for? 1. Mark off 1st Hour High and Low THE MARKET ONLY
2. What time will you look to take the a. This is the session Opening DOES 3 THINGS:
trade? Range.
a. I only trade the 2nd and 3rd hour
after 930 AM EST in the New York 2. 2nd Hour 1. Breakout and
Session a. Either trap or trade Trend
b. WILL NOT TRADE BEFORE THE NEWS b. Redraw the high or the low if 2. Breakout and
3. Where is the high and low of the Asia?
market extended to one side Reverse (failed
(Opening Range)
4. Where is the high and low of London? or the other. breakout/false
(Initial balance) 3. 3rd Hour break reversal)
5. Gap time high and low? a. Reversal or continuation of 3. Trading Range
6. Was there 3 levels of rise or fall the 2nd hour.
(numbered box):
a. Measured from current HOD/LOD
b. Measured from previous days
HOD/LOD